Prenetics Halts Daily Bitcoin Purchases, Retains 510 BTC in Reserves
According to Prenetics’ official statement on Dec. 31, the Nasdaq-listed firm will end its Bitcoin accumulation program, reallocating funds to IM8 while maintaining 510 BTC and over $70M in cash holdings.
BTC
Fact Check
The evidence overwhelmingly supports the statement. The primary source, an official press release from Prenetics' investor relations website, directly and authoritatively confirms both claims: that the company has ceased further Bitcoin purchases and will maintain its existing holdings of 510 BTC. This is corroborated by numerous high-authority secondary sources, including Seeking Alpha, Bloomberg, CoinDesk, and Investing News. All relevant sources are in complete agreement, reporting the same facts. There are no contradictions or conflicting evidence presented. The consistency across a wide range of credible financial and crypto news outlets, all pointing back to the company's official announcement, provides a high degree of confidence in the statement's accuracy.
- Reference: 1
Summary
Prenetics Global announced on Dec. 31, 2025, that it has canceled its Bitcoin reserve and accumulation plan following a $48 million fundraising. The company, listed on Nasdaq, will redirect capital towards its IM8 business and cease future BTC purchases. Prenetics currently holds 510 BTC and over $70 million in cash and cash equivalents. This marks a pivot from its strategy initiated during higher Bitcoin prices in October 2025 (~$114,000) versus roughly $88,000 at the latest update.
Terms & Concepts
- Treasury reserves: Assets, including cash or cryptocurrencies, held by a company to support its financial stability and operations.
- BTC: A common abbreviation for Bitcoin, the first and most widely recognized cryptocurrency.